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Stock Market & Financial Investment News

News Breaks
March 12, 2014
07:40 EDTDISH, FOXA, TWX, TWC, DTV, SNI, CMCSAMore execs voice concerns over Comcast-TWC merger, WSJ says
DirecTV (DTV) and Dish Network (DISH) have already come out strongly against Comcast's (CMCSA) planned takeover of Time Warner Cable (TWC) and nervousness among a number of other companies, including TV network owners and small cable operators, is surfacing, said The Wall Street Journal. 21st Century Fox (FOXA) president Chase Carey told an investment conference that he expects competition in broadband to be a major factor in the merger review, while Time Warner (TWX) CEO Jeff Bewkes said that "in the long run there are some questions on competition" and he expects the government to "make sure the appropriate conditions are in place." Some industry executives, notably including Scripps Networks Interactive (SNI) CFO Joseph NeCastro, have played down concerns, the report noted. Reference Link
News For CMCSA;TWC;FOXA;SNI;TWX;DISH;DTV From The Last 14 Days
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August 25, 2015
19:16 EDTCMCSA, FOXATV service Hulu to feature programmatic ads powered by Facebook, Oracle
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13:59 EDTCMCSAHouzz acquires GardenWeb from NBCUniversal
Houzz, a start-up that operates a platform for home remodeling and design, announced on its corporate blog that it has completed the acquisition of the GardenWeb home and gardening community from Comcast's NBCUniversal. Reference Link
10:57 EDTFOXA, TWXHilliard Lyons upgrades Disney after recent pullback
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08:33 EDTCMCSAComcast expands advanced fiber network to Meyers Business Park
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07:07 EDTCMCSAComcast to increase speeds for Xfinity Twin Cities area customers
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06:07 EDTTWXWarner Bros. in talks with China Media Capital to form film JV, WSJ reports
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August 24, 2015
09:45 EDTFOXAOn The Fly: Analyst Downgrade Summary
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07:34 EDTFOXA21st Century Fox downgraded to Hold from Buy at Needham
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August 23, 2015
16:22 EDTCMCSA, TWX, FOXA'Straight Outta Compton' finds little contention for No. 1 box office spot
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August 21, 2015
13:11 EDTCMCSA, FOXAFly Watch: 'Straight Outta Compton' eyes second weekend at top spot
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08:53 EDTTWX, FOXAAfter rough week, Disney shares expected to recover
With fears of cord cutting and declining advertising rates consuming the minds of investors and analysts this week, Disney (DIS) shares have dropped 7% over the past five trading days. Stepping out of the growing pack of bearish analysts is FBR Capital's Barton Crockett. ROUGH WEEK: On Tuesday, Wells Fargo analyst Marci Ryvicker downgraded her rating on Disney (DIS), CBS (CBS), 21st Century Fox (FOXA) to Market Perform from Outperform. None of the large media companies reported that their revenue from cable stations or broadcast networks increased in the most recent quarter, Ryvicker told investors. TV distributors have more favorable characteristics than the media companies, she argued. Then on Thursday, Bernstein analyst Todd Juenger downgraded Disney (DIS), along with Time Warner (TWX), to Market Perform from Outperform. The move by viewers away from ad-supported platforms to non-ad-supported services like Netflix (NFLX) will bring a "prolonged structural decline" to the U.S. television industry, Juenger contended. PATH TO RECOVERY: Sentiment is driving Disney and the media stocks lower, FBR Capital's Barton Crockett tells investors this morning in a research note titled "Performance Is the Best Defense: How Disney, Near Term, Can Separate from Peers." Cord cutting and advertising fears are taking down the valuation multiples in the media sector, but consensus earnings estimates are little changed, the analyst writes. Cord cutting is the term used to describe the dropping of cable or satellite TV in favor of an online streaming service. Crockett sees a number of "performance positives near term" that can help shares of Disney recover. The owner of ESPN can separate itself from peers with solid second half of 2015 advertising trends when football returns, he believes. Disney can also benefit from the retail push for Star Wars movie merchandise, starting with a midnight door-buster national product launch on September 4, the analyst writes. PETER OUT: Crockett expects cord-cutting fears to "peter out." Cable bundles broadband with TV, and most households have a sports fan, he points out. While Netflix takes audiences from non-sports content, sports will save the bundle subscription model that benefits Disney's ESPN unit, Crockett thinks. He has an Outperform rating on Disney with a $124 price target. The stock closed yesterday down $6.44, or 6%, to $100.01. Over the past three months, Disney is down over 9%.
August 20, 2015
16:48 EDTTWXOn The Fly: Top stock stories for Thursday
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13:26 EDTTWXOn The Fly: Top stock stories at midday
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10:36 EDTSNIScripps Networks names president Burton Jablin as COO
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10:00 EDTTWXOn The Fly: Analyst Downgrade Summary
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09:17 EDTTWX, FOXA, SNIDisney hit with another downgrade on TV concerns
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06:36 EDTTWX, FOXA, SNIBernstein cuts Disney, Time Warner with TV entering 'structural decline'
Bernstein analyst Todd Juenger downgraded his rating on both Disney (DIS) and Time Warner (TWX) saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. The analyst moved both companies to a Market Perform rating from Outperform, and lowered his price target for Disney to $114 from $125 and for Time Warner to $90 from $101. He called the downgrade of Time Warner a "very close call" as his new price target still represents 15% upside from current levels. Share performance in the entire Media sector will be challenged until the content owners take steps to "reclaim on-demand viewing" from streaming services like Netflix (NFLX) and use it to protect affiliate fees, Juenger argues. His Outperform-rated names are Nielsen (NLSN) and 21st Century Fox (FOXA). Along with Time Warner and Disney, the analyst has Market Perform ratings on AMC Networks (AMCX), CBS (CBS), Scripps Networks (SNI) and Discovery (DISCA). Juenger has an Underperform rating on Viacom (VIAB). Wells Fargo on Tuesday also downgraded Disney to Market Perform. Piper Jaffray this morning told investors that the recent pullback in shares of AMC Networks brings a "great" entry point into the name.
06:24 EDTTWXTime Warner downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Todd Juenger downgraded Time Warner (TWX) to Market Perform saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. He cut his price target for Time Warner to $90 from $101 and calls the downgrade a " very close call" with his new price target representing 15% upside from current levels. The analyst also downgraded shares of Disney (DIS) to Market Perform.
06:22 EDTTWXDisney downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Todd Juenger downgraded Disney (DIS) to Market Perform saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. He cut his price target for Disney shares to $114 from $125. The analyst also downgraded shares of Time Warner (TWX) to Market Perform. Shares of Disney closed yesterday down 45c to $106.49. Wells Fargo on Tuesday also downgraded the stock to Market Perform.
06:10 EDTCMCSAWeather Channel said to hire banks to explore sale, Bloomberg reports
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